I have an existing lease for a tower and ground space with a carrier. Now another carrier plans to co locate on the tower (I don't get any revenue for the co location on the tower per the lease from the original carrier) but I can and must provide ground space for the new carrier and get a rental lease. Can I request a rent equal to or greater than the rent charged the first carrier for their tower/ground space?
In a situation like this the carrier is going to pay the tower company about $2,000 per month to hang its antennas on the tower. What you can get out of the ground lease depends on a number of things, like the availability of other locations and the zoning requirements, the amount of rent you are getting, the location of the tower and the tenant.
There are usually a dozen items in a typical ground lease that need to be adjusted to make it fair for the landlord, so I hope that you give us a call to discuss.
Like this page? Show us some Social Love. Here's how.
Would you prefer to share this page with others by linking to it?
Click on the HTML link code below.
Copy and paste it, adding a note of your own, into your blog, a Web page, forums, a blog comment, your Facebook account, or anywhere that someone would find this page valuable.
Do Not Get Burned On Cell Tower Leases in 2023, Tower Genius, The Premier Wireless Consultant in America, Has Helped Hundreds Of Landlords Get Great Deals.
Cell Tower Leases consulting firm Tower Genius has helped countless property owners with their wireless contracts.
Do Not Get Burned On Cell Tower Leases in 2023, Tower Genius, The Premier Wireless Consultant in America, Has Helped Hundreds Of Landlords Get Great Deals.